EUR/USD: pair going to test next resistance

EUR/USD: pair going to test next resistance

4-2-2018-EUR-H4.png

Bulls faced with resistance at 1.2091, so the price is consolidating. Nevertheless, the pair is likely going to continue moving up towards the next resistance at 1.2080 - 1.2129. If a pullback from this area happens, there'll be an opportunity to have a bearish correction in the direction of the nearest support at 1.2003 - 1.1975.

4-2-2018-EUR-H1.png

The price is consolidating above the Moving Averages. The main intraday target is the closest resistance area at 1.2080 - 1.2129. These levels could be a departure point for a decline towards the nearest support at 1.2003.

eur

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